Air, an open-access resource, cannot be apportioned into individual private property rights because no individual can easily access the resource and then easily allow designated individuals to use the resource
Indicate whether the statement is true or false
false
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For firms, dividends are not deductible. They are, however, taxed preferentially at the individual level.
A. True B. False C. Uncertain
The government requires the steel industry to adopt new eco-friendly machines, which cannot be used in other industries. If the machines are very expensive and the capital market does not work efficiently, then
A) entrants are encouraged to enter the market and adopt the new machines. B) firms can easily leave the steel industry without loss. C) entrants are discouraged by the new requirements. D) None of the above.
If a county has 25 billion euros of imports, 15 billion euros of exports, and sells 20 billion euros of assets to foreigners, how many foreign assets do domestic residents purchase?
a. 5 billion euros b. 10 billion euros c. 30 billion euros d. None of the above are correct.
An ad valorem sales tax can be thought of as
A. not part of the tax base. B. a progressive tax. C. a proportional tax. D. none of these.